breaking news Decoding India's Great NFT Crowd and Celeb Connections - Business News lastminute news
When Collins Dictionary declared 'Fungible Tokens' (NFTs) as the word of the year in 2021, people's interest to learn more about the concept multiplied. India
When Collins Dictionary declared ‘Fungible Tokens’ (NFTs) as the word of the year in 2021, people’s interest to learn more about the concept multiplied. India was still familiarizing itself with NFTs and their relevance when the country’s biggest star Amitabh Bachchan’s NFT was rolled out and sold for over Rs 7 crore. The collectibles were bought by his fans and included posters with his signature, his father’s famous poem bar and some of his other works. Two NFTs of Bachchan’s recent film clusterEach was priced at Rs 2.15 lakh. Earlier this year, Ranveer Singh-starrer sports drama NFT 83 Sold for Rs 10 lakh. In 2021, actor Salman Khan launches his NFTs Dabangg Chain. Southern superstars like Rajinikanth and Kamal Haasan have also jumped on the NFT bandwagon for their own tokens. Another recent Bollywood project that launched its NFT RadheshyamThe movie starring Prabhas and Pooja Hegde. ngageN, an invitation-only platform for brands and creators to list their unique properties for potential buyers, launched NFTs for the film. Limited-edition collectibles were only minted once.
“Fans and followers can buy these tokens and brag about their association with the film on their digital walls. They can also transfer these assets to their MetaMask (a software cryptocurrency wallet) and sell them on OpenC (a US online NFT marketplace). These NFTs can only be procured from ngageN/UV Creations (a film production house),” says a company spokesperson. The prices of Radhe Shyam collectibles on the platform ranged from Rs 999 to Rs 50,000. The recently concluded Jaipur Literature Festival at Hotel Clarks Amer in Jaipur was special not only because it returned in a hybrid avatar but also because it had its own NFT collection. Year. Teamwork Arts, the creators of the event, launched a new NFT collection on the concluding day of the festival. This included 15 moments to celebrate the 15th edition of the festival. The moments included Amitabh Bachchan, the 14th Dalai Lama, Aamir Khan, former President of India APJ Abdul Kalam, late actors Rishi Kapoor and Shatrughan Sinha among others. The limited edition NFT was hosted on the NFT marketplace abris.io. Sanjay Roy, Managing Director, Teamwork Arts, says that the international audience was overjoyed to hear about the decline in NFTs.
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